Estate planning is best performed as a collaborative effort between you, your financial advisor, your attorney, and your accountant. Having each of these professionals involved allows us to think creatively and develop strategies that help preserve your wealth, protect your legacy, and lay the foundation for a lasting impact on future generations.
Included in your estate plan are instructions on end-of-life care should you be unable to make such decisions yourself, and an outline for how your estate will be handled and distributed upon your death. Estate planning occurs at the intersection of law, tax, and financial planning. For this reason, our in-house expertise extends beyond financial planning. ICC’s tax and estate planning specialists can help your attorney to focus on the legalities and drafting your plan while our team works on creating a strategy based on your goals and values.
Our estate planning services can include:*
- Coordinating with your estate planning attorney to translate your wishes and our strategies into a legally binding document.
- Advising you on the different types of trusts available to help ensure an efficient transfer of assets to your heirs and/or philanthropies of choice.
- Seeking to minimize the tax burden on your beneficiaries by working with your accountant to help reduce the impact of federal and state estate tax laws.
- Creating a legacy through charitable gifts to meaningful causes that speak to your values.
- Estimating the value of your estate based on your current and predicted income, expenses, assets, debts, and taxes.
- Connecting with you on a regular basis to ensure that your estate plan is still in alignment with your vision.
You’ve earned your wealth through a lifetime of hard work, which is why you should choose an investment firm with advanced expertise and full capabilities in this area. Our experienced team at ICC has been providing estate planning assistance in conjunction with investment management services since our founding in 1987. We hold ourselves to the highest standard: the fiduciary standard. We eliminate and disclose conflicts of interest so you can be assured that your needs always come first when you work with us.
*Please Note: Limitations: The scope of services to be provided depends upon the terms of the engagement, and the specific requests and needs of the client. ICC does not serve as an attorney, accountant, or insurance agent. ICC does not prepare legal documents or tax returns, nor does it sell insurance products.
Estate planning starts by understanding your assets and obligations. Only then can you plan for children and dependents, limit liabilities, and document your wishes. The estate planning process is different for each of our clients, so we take a highly customized approach tailored to your unique needs and goals.
We don’t think it’s ever too early—or too late—to start estate planning. If you have assets and/or a family, you should have a will and trust.
It’s generally recommended that people who have a living trust also have a will. Wills and trusts have different purposes; a will names guardians for minor children, for example, and trusts may not include all of the property you own.
If you have a high net worth, it’s best to involve an attorney, an accountant, and your investment advisor in your estate planning process. Each has their own specialized knowledge and by working together, they can ensure that you have a viable plan that carries out your wishes and minimizes tax liability.